Home » Classroom » JAMB Economics 1994 Question

Gresham s law in Economics shows that - JAMB Economics 1994 Question

Gresham's law in Economics shows that?

A
good drives out bad money
B
bad money drives out good money
C
the value of money varies inversely with the price level
D
gold must be available to maintain the price of paper money
Ask EduPadi AI...
Correct Option: B
Please share this, thanks:

#JAMB #JAMB

Add your answer

Notice: Please post responsibly.

No responses